2024-03-18 09:11:26 ET
Summary
- The Fidelity Small-Mid Multifactor ETF is a strategic beta ETF that focuses on investing in small- and mid-cap U.S. companies.
- FSMD has outperformed passive SMID-cap indices over the last three years by focusing on factors like valuation, quality, momentum, and low volatility.
- The fund's highly diversified nature and exposure to regional banks pose risks that could limit its potential for outperformance.
The Fidelity Small-Mid Multifactor ETF (FSMD) is a relatively new strategic beta ETF from Fidelity. The fund launched in February 2019 and is managed by Geode Capital Management. Geode is a systematic asset manager providing core beta exposures across a range of equity and niche asset classes, with over $1 trillion in AUM....
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For further details see:
FSMD: Strategic Beta Beats Market-Cap-Weighted, But It's Not Perfect